Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-8.86%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.64%
baseline attrition
Rally response
+0.51%
adds into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| NVDANVIDIA Corporation | $24.45B | 6.6% | +60.9% | 1.3 yr |
| AAPLApple Inc. | $19.92B | 5.4% | +14.7% | 1.3 yr |
| MSFTMicrosoft Corporation | $16.33B | 4.4% | -0.6% | 1.3 yr |
| AMZNAmazon.com, Inc. | $11.93B | 3.2% | +9.5% | 1.3 yr |
| AVGOBroadcom Inc. | $11.22B | 3.0% | +86.0% | 1.3 yr |
| GOOGAlphabet Inc. | $8.88B | 2.4% | +84.3% | 1.3 yr |
| GOOGLAlphabet Inc. | $8.79B | 2.4% | — | 1.3 yr |
| METAMeta Platforms, Inc. | $5.95B | 1.6% | -0.4% | 1.3 yr |
| TSLATesla, Inc. | $5.05B | 1.4% | +43.4% | 1.3 yr |
| LLYEli Lilly and Company | $4.91B | 1.3% | +12.2% | 1.3 yr |
| JPMJPMorgan Chase & Co. | $4.43B | 1.2% | +21.8% | 1.3 yr |
| MAMastercard Incorporated | $4.11B | 1.1% | -8.5% | 1.3 yr |
| XOMExxon Mobil Corporation | $3.54B | 1.0% | +47.6% | 1.3 yr |
| NXUSNuveen International Agg | $3.44B | 0.9% | — | 0.8 yr |
| COSTCostco Wholesale Corpora | $3.06B | 0.8% | +5.9% | 1.3 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors13.4%+4.5pp$49.51B
Internet Content & Information6.7%+3.2pp$24.53B
Software - Infrastructure6.2%-1.3pp$22.90B
Consumer Electronics5.4%-0.1pp$20.06B
Drug Manufacturers - General4.4%+0.6pp$16.09B
Specialty Retail4.1%-0.4pp$15.25B
Banks - Diversified2.9%-0.0pp$10.56B
Financial - Credit Services2.5%-0.9pp$9.21B
Aerospace & Defense2.3%+0.6pp$8.44B
Regulated Electric2.0%+0.0pp$7.29B
Country
US93.3%+0.6pp
IE1.6%-0.0pp
GB1.3%+0.2pp
CA1.0%-0.0pp
Unknown0.8%-0.3pp
CH0.4%-0.1pp
TW0.2%+0.1pp
SG0.2%+0.1pp
Top 5: 22.7% · Top 10: 31.9% · Top 25: 43.4%
Top buys this quarter · 15
| AZN AstraZeneca PLCnew | +$1.34B |
| COST Costco Wholesale Corporation | +$898M |
| AAPL Apple Inc. | +$19.92B |
| NVDA NVIDIA Corporation | +$24.45B |
| APH Amphenol Corporation | +$672M |
| ABBV AbbVie Inc. | +$545M |
| GOOG Alphabet Inc. | +$8.88B |
| JNJ Johnson & Johnson | +$460M |
| TMUS T-Mobile US, Inc. | +$443M |
| MA Mastercard Incorporated | +$4.11B |
Top sells this quarter · 15
| MSFT Microsoft Corporation | −$1.50B |
| NOW ServiceNow, Inc. | −$579M |
| AMAT Applied Materials, Inc. | −$1.97B |
| V Visa Inc. | −$503M |
| CCL Carnival Corporation & plc | −$464M |
| WDC Western Digital Corporation | −$786M |
| AMZN Amazon.com, Inc. | −$381M |
| BA The Boeing Company | −$376M |
| KKR KKR & Co. Inc. | −$375M |
| RKT Rocket Companies, Inc. | −$361M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $368.63B | 3188 | +17.65% | +17.59% | +0.06% | +4.50B |
| 2025-12-31 | $381.28B | 3216 | +2.06% | +2.66% | -0.61% | -4.65B |
| 2025-09-30 | $378.15B | 3216 | +7.75% | +8.12% | -0.37% | -10.99B |
| 2025-06-30 | $361.16B | 3232 | +12.03% | +10.78% | +1.25% | +4.23B |
| 2025-03-31 | $318.60B | 3177 | — | — | — | — |